Hopes for India-UK FTA talks impetus with new PM Rishi Sunak
The HinduAs Rishi Sunak takes over as Britain’s first Indian-origin Prime Minister on October 25, 2022, there is renewed hope that the India-UK free trade agreement will get a much-needed impetus after the Diwali deadline for draft completion was missed amid political turmoil in the U.K. “I’m very supportive of India playing an increasingly influential role in the region, and indeed, in the world as a massive economy and the world's largest democracy and an FTA would prove a greater champion of that cause,” Mr. Sunak told reporters back in July. “An India trade deal could be one of the most ambitious and commercially meaningful deals to the UK,” said Chris Hayward, Policy Chairman at the City of London Corporation. There's an enormous amount of opportunity in India, we also want to make sure that if this living bridge is going to be a real thing, we have got to make it easier for people in the UK to go to India, to study at world class institutions to go work in all these amazing start-ups,” Sunak had said while he was the Finance Minister.